Private company

Everi Holdings Inc.

American miscellaneous amusement and recreation services company1

In its 2025 annual report the company says: “Everi is a provider of financial technology solutions that power casino floors, improve operational efficiencies, and fulfill regulatory requirements. The Company also develops and supplies player loyalty tools and mobile-first applications that enhance patron engagement for our customers and venues in the casino, sports, entertainment, and hospitality industries.”4 It is headquartered in Las Vegas, Nevada.1

Last updated Oct 20, 2026.

Overview

  • IndustryServices-Miscellaneous Amusement & Recreation1
  • HeadquartersLas Vegas, Nevada1
  • Incorporated inDE2
  • Business address7250 S. Tenaya Way, Suite 100, Las Vegas, Nv 891132
  • Filer categoryLarge accelerated filer2

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Everi develops and offers products and services that provide gaming entertainment, improve our customers’ patron engagement, and help our casino customers operate their businesses more efficiently. We develop and supply entertaining game content, gaming machines and gaming systems and services for land-based and iGaming operators. Everi is a provider of financial technology solutions that power casino floors, improve operational efficiencies, and fulfill regulatory requirements. The Company also develops and supplies player loyalty tools and mobile-first applications that enhance patron engagement for our customers and venues in the casino, sports, entertainment, and hospitality industries.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

11.8%Operating margin5
2.0%Net margin5
-6.2%Revenue growth, 20245
5.9%Return on equity5
3.72×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Research and development10¢$77.3M
  • Other costs88¢$664.7M
  • Income tax0¢$881.0K
  • Profit2¢$15.0M

Out of $757.9M in revenue.5

Where each dollar of operating cash went, fiscal 2024

  • Kept or used elsewhere100¢$318.4M

Out of $318.4M of cash from operations.5

Financial statements

Revenue67895$757.9M in 2024+61% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $469.5M$469.5M20182019: $533.2M$533.2M2019+14%2020: $383.7M$383.7M2020−28%2021: $660.4M$660.4M2021+72%2022: $782.5M$782.5M2022+18%2023: $807.8M$807.8M2023+3%2024: $757.9M$757.9M2024−6%
Operating income67895$89.2M in 2024+4% since 2018
-$100.0M0$100.0M$200.0M$300.0M2018: $85.8M$85.8M20182019: $94.0M$94.0M2019+10%2020: -$5.4M-$5.4M20202021: $197.5M$197.5M20212022: $213.4M$213.4M2022+8%2023: $179.3M$179.3M2023−16%2024: $89.2M$89.2M2024−50%
Net income67895$15.0M in 2024+22% since 2018
-$100.0M0$100.0M$200.0M2018: $12.4M$12.4M20182019: $16.5M$16.5M2019+34%2020: -$81.7M-$81.7M20202021: $152.9M$152.9M20212022: $120.5M$120.5M2022−21%2023: $84.0M$84.0M2023−30%2024: $15.0M$15.0M2024−82%
Fiscal year2018201920202021202220232024
Revenue$469.5M6$533.2M7$383.7M8$660.4M9$782.5M5$807.8M5$757.9M5
Research and development$20.5M6$32.5M7$27.9M8$39.1M9$60.5M5$67.6M5$77.3M5
Operating expenses$462.9M9$569.2M5$628.5M5$668.7M5
Operating income$85.8M6$94.0M7-$5.4M8$197.5M9$213.4M5$179.3M5$89.2M5
Income before tax$101.0M9$157.6M5$101.6M5$15.9M5
Income tax-$9.7M6-$523.0K7-$5.8M8-$51.9M9$37.1M5$17.6M5$881.0K5
Net income$12.4M6$16.5M7-$81.7M8$152.9M9$120.5M5$84.0M5$15.0M5
Earnings per share$0.186$0.237-$0.968$1.719$1.335$0.965$0.185
Earnings per share (diluted)$0.176$0.217-$0.968$1.539$1.245$0.915$0.175
Shares (weighted, basic)89.3M shares990.5M shares587.2M shares585.0M shares5
Shares (weighted, diluted)100.0M shares997.5M shares592.0M shares588.2M shares5

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Corporate structure

Everi Holdings Inc. sits at the top of its group. 34 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Everi Holdings Inc.

  • Barclays Filed SCHEDULE 13G/A on Everi Holdings Inc., latest Aug 12, 2025 (2 filings since May 13, 2025)
  • GLAZER CAPITAL, LLC Filed SCHEDULE 13G on Everi Holdings Inc., latest May 20, 2025
  • VANGUARD GROUP INC Filed SC 13G/A on Everi Holdings Inc., latest Nov 12, 2024 (5 filings since Feb 10, 2022)
  • AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SC 13G/A on Everi Holdings Inc., latest Nov 8, 2024 (2 filings since Feb 12, 2024)
  • BlackRock Filed SC 13G/A on Everi Holdings Inc., latest Nov 8, 2024 (2 filings since Oct 22, 2024)
  • Simcoe Capital Management, LLC Filed SC 13G/A on Everi Holdings Inc., latest Jul 3, 2024 (2 filings since Apr 1, 2024)
  • Capital Research Global Investors Filed SC 13G/A on Everi Holdings Inc., latest Feb 13, 2023 (2 filings since Feb 11, 2022)
  • THRIVENT FINANCIAL FOR LUTHERANS Filed SC 13G on Everi Holdings Inc., latest Feb 7, 2023
  • EAGLE ASSET MANAGEMENT INC Filed SC 13G/A on Everi Holdings Inc., latest Jan 6, 2023 (2 filings since Feb 10, 2022)
  • Everi Holdings Inc. Las Vegas, Nevada
    • A.C.N. 121 187 068 Pty Ltd Subsidiary · Australia
    • Arriva Card, Inc. Subsidiary · Delaware, United States
    • Central Credit, LLC Subsidiary · Delaware, United States
    • eCash ATM Pty Limited Subsidiary · Australia
    • eCash Games Pty Limited Subsidiary · Australia
    • eCash Gaming Pty Limited Subsidiary · Australia
    • eCash Holdings Pty Ltd Subsidiary · Australia
    • eCash NZ Limited Subsidiary · New Zealand
    • eCash Pospoint Pty Limited Subsidiary · Australia
    • eCash Pty Limited Subsidiary · Australia
    • Everi Australia Holdings Pty Ltd Subsidiary · Australia
    • Everi Games (Canada) Inc. Subsidiary · British Columbia, Canada
    • Everi Games Holding Inc. Subsidiary · Texas, United States
    • Everi Games Inc. Subsidiary · Delaware, United States
    • Everi India Private Limited Subsidiary · India
    • Everi Interactive LLC Subsidiary · Delaware, United States
    • EVERI MTL, LLC Subsidiary · Delaware, United States
    • Everi Payments (Canada) Inc. Subsidiary · Ontario, Canada
    • Everi Payments Inc. Subsidiary · Delaware, United States
    • Everi Technology Pty Ltd Subsidiary · Australia
    • Game Financial Caribbean N.V. Subsidiary · Netherlands
    • Global Cash Access (Belize) Ltd Subsidiary · Belize
    • Global Cash Access (BVI) Inc. Subsidiary · British Virgin Islands
    • Global Cash Access (HK) Limited Subsidiary · Hong Kong
    • Global Cash Access (Panama), Inc. Subsidiary · Panama
    • and 8 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Everi Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$451.6M5 Dec 31, 2024$463.9M5 Dec 31, 2023−2.6%
Accumulated depreciation$293.6M5 Dec 31, 2024$311.2M5 Dec 31, 2023−5.6%
Property and equipment, net$158.0M5 Dec 31, 2024$152.7M5 Dec 31, 2023+3.5%
Operating-lease assets (leased space)$24.3M5 Dec 31, 2024$27.5M5 Dec 31, 2023−11.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$400.7M5 Dec 31, 2024$267.2M5 Dec 31, 2023+49.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$736.5M5 Dec 31, 2024$737.8M5 Dec 31, 2023−0.2%
Intangible assets, net (excluding goodwill)$216.9M5 Dec 31, 2024$234.1M5 Dec 31, 2023−7.4%
Finite-lived intangibles, gross$918.9M5 Dec 31, 2024$873.9M5 Dec 31, 2023+5.1%
Accumulated amortization$702.0M5 Dec 31, 2024$639.7M5 Dec 31, 2023+9.7%
Finite-lived intangibles, net$216.9M5 Dec 31, 2024$234.1M5 Dec 31, 2023−7.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$67.8M5 Dec 31, 2024$70.6M5 Dec 31, 2023−4.0%
Work in process$918.0K5 Dec 31, 2024$1.1M5 Dec 31, 2023−20.0%
Finished goods$12.6M5 Dec 31, 2024$9.8M5 Dec 31, 2023+27.8%

Properties, in its own words

We occupy real estate properties mostly in the United States and, to a lesser degree, internationally that are under lease agreements. We believe that these facilities are adequate for our business needs as presently conducted.

We primarily occupy the following leased real estate properties:

The rest of Item 2

Location · Sq. Ft · Purpose · Segment

Las Vegas, Nevada · 244,832 · Corporate Headquarters and Operations · FinTech and Games

Austin, Texas · 51,000 · Office · Games

In addition, we lease additional less significant real estate properties that are used to support our products and services.

Item 2 of the 10-K filed Mar 3, 2025.4

Leadership

Who has led Everi Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kirk E. Sanford2006–2007
  2. Scott H. Betts2007–2012
  3. Ram Chary2014–2015
  4. Michael D. Rumbolz2016–2022
  5. Randy L. Taylor2022–now

Chair

  1. Karim Abdul Maskatiya2006–2007
  2. Michael D. Rumbolz2021–now

President

  1. Kirk E. Sanford2006–2007
  2. Scott H. Betts2007–2011
  3. Ram Chary2014–2015
  4. Michael D. Rumbolz2016–2020
  5. Randy L. Taylor2020–now

Chief financial officer

  1. Harry C. Hagerty Iii.2006–2007
  2. George W. Gresham2008–2010
  3. Mary Elizabeth Higgins2012–2013
  4. Randy L. Taylor2014–2020
  5. Mark F. Labay2020–now

Chief operating officer

  1. Randy L. Taylor2020–2022
2010201520202025
Board members and other officers (38)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • A.C.N. 121 187 068 Pty Ltd Australia3
  • Arriva Card, Inc. Delaware3
  • Central Credit, LLC Delaware3
  • EVERI MTL, LLC Delaware3
  • Everi Australia Holdings Pty Ltd Australia3
  • Everi Games (Canada) Inc. British Columbia3
  • Everi Games Holding Inc. Texas3
  • Everi Games Inc. Delaware3
  • Everi India Private Limited India3
  • Everi Interactive LLC Delaware3
  • Everi Payments (Canada) Inc. Ontario, Canada3
  • Everi Payments Inc. Delaware3
  • Everi Technology Pty Ltd Australia3
  • Game Financial Caribbean N.V. Netherlands, Antilles3
  • Global Cash Access (BVI) Inc. British Virgin Islands3
  • Global Cash Access (Belize) Ltd Belize3
  • Global Cash Access (HK) Limited Hong Kong3
  • Global Cash Access (Panama), Inc. Panama3
  • Global Cash Access (UK) Limited United Kingdom3
  • Global Cash Access Switzerland, AG Switzerland3
  • Global Payment Technologies Australia Pty Ltd Australia3
  • Intuicode Gaming Corporation Florida3
  • MegaBingo International, LLC Delaware3
  • Multimedia Games de Mexico 1 S. de R.L. de C.V. Mexico3
All 33 listed subsidiaries
  • Multimedia Games de Mexico S. de R.L de C.V. Mexico3
  • Servicios de Wild Basin S. de R.L. de C.V. Mexico3
  • eCash ATM Pty Limited Australia3
  • eCash Games Pty Limited Australia3
  • eCash Gaming Pty Limited Australia3
  • eCash Holdings Pty Ltd Australia3
  • eCash NZ Limited New Zealand3
  • eCash Pospoint Pty Limited Australia3
  • eCash Pty Limited Australia3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Global Cash Access Holdings, Inc.May 26, 2005 to Aug 19, 20152
  • GCA Holdings, Inc.Mar 22, 2005 to Mar 22, 20052

Timeline

  1. Jul 1, 20258-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer64
  2. May 23, 20258-K Shareholder vote65
  3. Apr 29, 20258-K Results of operations; Regulation FD disclosure66
  4. Mar 21, 20258-K Executive or director change67
  5. Dec 5, 20248-K Executive or director change68
  6. Nov 21, 20248-K Other events69
  7. Nov 14, 20248-K Shareholder vote; Other events70
  8. Aug 8, 20248-K Executive or director change71
  9. Jul 26, 20248-K Entered a material agreement; Ended a material agreement; Executive or director change72
  10. May 31, 20248-K Change of auditor73
  11. May 28, 20248-K Other events74
  12. May 23, 20248-K Executive or director change; Shareholder vote75
  13. Apr 1, 2022New chief executive Randy L. Taylor becomes CEO16
  14. Apr 8, 2016New chief executive Michael D. Rumbolz becomes CEO17
  15. Feb 5, 2014New chief executive Ram Chary becomes CEO18
  16. Nov 1, 2007New chief executive Scott H. Betts becomes CEO19
  17. Mar 1, 2006New chief executive Kirk E. Sanford becomes CEO20

Calendar

When it reported results

  1. Apr 29, 2025Reported quarterly or annual results66
  2. May 8, 2024Reported quarterly or annual results76
  3. Feb 29, 2024Reported quarterly or annual results77
  4. Nov 8, 2023Reported quarterly or annual results78
  5. Aug 9, 2023Reported quarterly or annual results79
  6. May 10, 2023Reported quarterly or annual results80
  7. Mar 1, 2023Reported quarterly or annual results81
  8. Nov 8, 2022Reported quarterly or annual results82

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

381 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 39 major events, 216 insider forms, 23 large holders, 88 other. The latest 20:

  1. Aug 12, 2025SCHEDULE 13G/A EDGAR
  2. Jul 11, 202515-12G EDGAR
  3. Jul 7, 2025EFFECT EDGAR
  4. Jul 7, 2025EFFECT EDGAR
  5. Jul 2, 20254 EDGAR
  6. Jul 2, 20254 EDGAR
  7. Jul 2, 20254 EDGAR
  8. Jul 2, 20254 EDGAR
  9. Jul 2, 20254 EDGAR
  10. Jul 2, 20254 EDGAR
  11. Jul 2, 20254 EDGAR
  12. Jul 2, 20254 EDGAR
  13. Jul 2, 20254 EDGAR
  14. Jul 2, 20254 EDGAR
  15. Jul 2, 20254 EDGAR
  16. Jul 2, 20254 EDGAR
  17. Jul 2, 20254 EDGAR
  18. Jul 2, 20254 EDGAR
  19. Jul 1, 2025S-8 POS EDGAR
  20. Jul 1, 2025S-8 POS EDGAR

The 381 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

47 open-market trades by officers, directors and large owners since October 2021: 3 buys and 44 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 21, 2025VALLI TODD A.SVP, CAOSale30,000$13.75$412.5KForm 4
Mar 10, 2025JUDGE GEOFFREY PDirectorSale7,332$13.73$100.7KForm 4
Dec 12, 2024Simmons DarrenEVP, FinTech Business LeaderSale50,000$13.46$673.0KForm 4
Dec 9, 2024FOX LINSTER WDirectorSale40,000$13.48$539.2KForm 4
Dec 9, 2024Lucchese DavidEVP, Sales and MarketingSale45,476$13.48$613.0KForm 4
Dec 6, 2024JUDGE GEOFFREY PDirectorSale4,000$13.50$54.0KForm 4
Dec 3, 2024Rumbolz Michael DExecutive ChairmanSale50,000$13.47$673.5KForm 4
Nov 26, 2024TAYLOR RANDY LPresident & CEOSale50,000$13.44$672.0KForm 4
Nov 25, 2024Labay Mark F.EVP, CFOSale50,000$13.38$669.0KForm 4
Nov 15, 2024JUDGE GEOFFREY PDirectorSale16,000$13.37$213.9KForm 4
Sep 10, 2024Simmons DarrenEVP, FinTech Business LeaderSale75,000$13.10$982.5KForm 4
Aug 15, 2024Lucchese DavidEVP, Sales and MarketingSale400$12.99$5.2KForm 4
Aug 13, 2024Lucchese DavidEVP, Sales and MarketingSale4,124$12.99$53.6KForm 4
Aug 9, 2024Lowenhar-Fisher Kate C.EVP, Chief Legal OfficerSale12,026$12.95$155.7KForm 4
Aug 9, 2024Labay Mark F.EVP, CFOSale10,645$12.95$137.9KForm 4
Aug 9, 2024TAYLOR RANDY LPresident & CEOSale29,222$12.95$378.4KForm 4
May 21, 2024Simmons DarrenEVP, FinTech Business LeaderSale6,897$7.37$50.8KForm 4
May 21, 2024EHRLICH DEAN AEVP, Games Business LeaderSale11,144$7.37$82.1KForm 4
May 20, 2024Simmons DarrenEVP, FinTech Business LeaderSale1,619$7.32$11.9KForm 4
May 20, 2024EHRLICH DEAN AEVP, Games Business LeaderSale2,614$7.32$19.1KForm 4

All 47 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Randy L. Taylor62$730.0K$3.2M92
2024Mark F. Labay53$450.0K$1.3M92
2024Darren D. A. Simmons56$430.0K$1.2M92
2024Dean A. Ehrlich$308.1K$982.9K92
2024David J. Lucchese66$420.0K$931.7K92
2024Kate C. Lowenhar-Fisher47$410.0K$930.1K92
2023President and Chief Executive Officer$717.7K$4.8M92
2023Executive VicePresident,$439.7K$1.7M92
2023Former Executive VicePresident,$436.8K$1.5M92
2022President and Chief Executive Officer$662.6K$4.7M92
2022Chief Financial Officer and Treasurer$425.0K$1.6M92
2022Games Business Leader$425.0K$1.3M92
2022FinTech Business Leader$400.0K$1.2M92
2022Sales and Marketing$400.0K$1.2M92

SEC filer profile

How Everi Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREveri Holdings Inc.1
  • CIK0001318568
  • Employer ID (EIN)20-07232704
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7990 Services-Miscellaneous Amusement & Recreation1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address7250 S. Tenaya Way, Suite 100, Las Vegas, NV 891131
  • Phone800-833-71101
  • Shares outstanding86,856,253 as of May 6, 202512
  • Public float$687.5M as of Jun 28, 20244
  • AuditorPricewaterhouseCoopers, LLP, Boston, MA PCAOB ID 238; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMar 22, 20051
  • Filings2,009 in all: 4 (1,262), 8-K (242), SC 13G/A (78), 10-Q (58), 3 (52), 4/A (43), SC 13G (35), 144 (30)1
    All 46 form types

    10-K (20), DEF 14A (20), UPLOAD (17), CORRESP (15), DEFA14A (14), 425 (13), S-8 (12), S-8 POS (12), SD (11), 3/A (10), S-1/A (7), 8-K/A (5), SC 13D/A (5), CT ORDER (4), EFFECT (4), NT 10-Q (4), DEFR14A (3), 10-K/A (2), 10-Q/A (2), 424B4 (2), 424B5 (2), ARS (2), NT 10-K (2), POS AM (2), PRE 14A (2), S-1 (2), S-3ASR (2), SC 13D (2), SCHEDULE 13G (2), 15-12G (1), 25-NSE (1), 424B3 (1), 8-A12B (1), CERTNYS (1), DEFM14A (1), PREM14A (1), S-4 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2025
    Quarterly report (10-Q) May 12, 2025
    Proxy statement (DEF 14A) Apr 18, 2025
    Latest 8-K (8-K) Jul 1, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par value per shareEVRINew York Stock Exchange

From the cover page of the 10-K filed Mar 3, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Everi Holdings Inc. names in Item 1A of its 10-K filed Mar 3, 2025: 31 risks under these headings, as written.4

  • Risks Related to Our Business
  • Our operations are dependent upon business and consumer demand for gaming and overall economic trends specific to the gaming industry. Economic downturns or a decline in the popularity of gaming could reduce the number of patrons who use our products and services or the amounts of cash that they access using our services.
  • If we are unable to develop and protect our intellectual property adequately or obtain intellectual property rights and agreements, we may lose valuable competitive advantages, be forced to incur costly litigation to protect our rights or be restricted in our ability to provide various products in our markets.
  • We rely on technology provided by third-party vendors, the loss of which could materially and adversely affect our business, increase our costs, and delay deployment or suspend development of our financial services products, gaming systems and player terminals.
  • We operate our business in regions subject to natural disasters, public health issues, political instability and other potentially catastrophic events. Any interruption to our business resulting from such an event will adversely affect our revenues and results of operations.
  • The emergence of generative artificial intelligence (“GenAI”) may have material adverse impacts on our operations and financial performance, the gaming industry that we serve, our customers, and gaming patrons.
  • Risks Related to Our Games Business
  • Most of our leased gaming device contracts with our customers are short-term, and if we are unable to maintain our current customers on terms that are favorable to us, our business, financial condition, operations, or cash flows may suffer a material adverse effect.
  • Tribal gaming customers who have historically operated large numbers of Class II gaming units may negotiate arrangements with state governments or renegotiate existing gaming compacts that could impact the number of Class II gaming devices currently supplied by the Company, to the extent there is a desire to change to Class III gaming units. If we are unable to maintain our existing placement of units, then our business, financial condition, operations, or cash flows may suffer an adverse effect.
  • Tribal gaming customers that operate Class III gaming units do so under compacts with state governments. If these tribal gaming customers are unable to maintain or renew these existing gaming compacts, then our business, financial condition, operations, or cash flows may suffer an adverse effect.
  • We derive a significant portion of our revenue from tribal customers, and our ability to effectively operate in tribal gaming markets is vulnerable to legal and regulatory uncertainties, including the ability to enforce contractual rights on tribal land.
  • We may not realize sufficient returns or be successful in renewing our existing or future placement and development fee agreements with casino operators to expand or develop gaming facilities.
The other 21 risks
  • Risks Related to Our FinTech Business
  • An unexpectedly high level of chargebacks, as a result of fraud or otherwise, could materially and adversely affect our Financial Access business.
  • Changes in consumers’ willingness to pay a convenience fee to access their funds could reduce the demand for our Financial Access products and services.
  • We maintain a significant amount of cash within our ATMs, which is subject to potential loss due to theft or other events, including natural disasters.
  • Pending Proposed Transaction
  • The announcement and pendency of the Proposed Transaction could adversely impact our business, financial condition, and results of operations.
  • The completion of the Proposed Transaction is subject to the satisfaction or waiver of certain closing conditions by us, IGT, Buyer and Buyer Sub, including certain regulatory conditions, and the failure to consummate the Proposed Transaction within the expected timeframe or at all could adversely impact our business, financial condition, and results of operations.
  • The Merger Agreement contains provisions that limit our ability to pursue an alternative transaction, which may discourage a potential third party from making a favorable alternative transaction proposal, as well as certain limited termination provisions.
  • We will incur significant costs related to the Proposed Transaction that could have a material adverse effect on our liquidity, cash flows, and operating results.
  • The consideration to be paid by Buyer to our stockholders will not be adjusted in the event the value of our business or assets changes before the Proposed Transaction closes.
  • The trading price of our shares of common stock may fluctuate as a result of the Proposed Transaction.
  • Lawsuits have been filed and additional lawsuits may be filed against us and our board of directors challenging the transactions contemplated by the Merger Agreement or the Proposed Transaction, which could prevent or delay the completion of the Proposed Transaction or result in the payment of damages.
  • Risks Related to Our Capital Structure
  • The agreements and instruments governing our debt impose restrictions that may limit our operating and financial flexibility.
  • A material increase in market interest rates could adversely affect our business and results of operations.
  • Risks Related to Our Information Technology
  • We have experienced in the past and may experience in the future network or system failures, or service interruptions, including cybersecurity attacks, or other technology and privacy risks. Our inability to protect our systems and data against such risks could harm our business and reputation.
  • Risks Related to Competition
  • The gaming industry is intensely competitive, and if we are unable to compete effectively, including to introduce new, commercially viable games, products and services in a timely manner, our business could be negatively impacted.
  • Consolidation among our customers or competitors could have a material adverse effect on our revenues and profitability.
  • Risks Related to the Regulation of Our Business
  • Unauthorized disclosure of cardholder and patron data or similar violations of applicable data privacy laws, whether through a security breach of our computer systems, our third-party processor’s computer systems or otherwise, or through our unauthorized use or transmission of such data could subjects us to costly fines, penalties, and legal claims.
  • We are subject to extensive governmental gaming and financial services laws regulation, which are subject to change and uncertain application, and may harm our business.
  • We are subject to extensive rules and regulations of card associations, including VISA, MasterCard, and EFT networks, that are always subject to change, which may harm our business.
  • Card association and EFT network changes to interchange reimbursement rates or network operating fees or fees associated with the processing and settlement of our financial access transactions or other changes to their operating rules and regulations may affect our revenues, cost of revenues (exclusive of depreciation and amortization), net income, and our business generally.
  • The provision of our credit card access, POS debit, and funds dispensed services are dependent upon our continued sponsorship into the VISA and MasterCard card associations, and the suspension or termination of our sponsorship could result in a material adverse effect on our business, financial condition, operations, or cash flows.
  • Changes to consumer privacy laws may require us to change our business practices or spend significant amounts on compliance with such laws.

Legal proceedings

A discussion of our legal proceedings is contained in “Part II — Item 8 — Financial Statements and Supplementary Data — Notes to Consolidated Financial Statements — Note 14 — Commitments and Contingencies” of this Annual Report on Form 10-K and incorporated here by reference.

The opening of Item 3, Legal Proceedings.4

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